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American International Group

A collection of news and information related to American International Group published by this site and its partners.

Top American International Group Articles

Displaying items 23-33
  • State Insurance Chief To Leave Dec. 11

    State Insurance Chief To Leave Dec. 11
    State Insurance Commissioner Thomas B. Leonardi, who led the department for nearly four years and traveled widely as an industry expert, is resigning to take a job with a New York investment firm. Leonardi, 60, is taking a job at Evercore Partners Inc.,...
  • Maurice Greenberg puts U.S. handling of AIG bailout on trial

    Maurice R. Greenberg, the ousted chief executive of American International Group Inc., was practically laughed out of New York for claiming that he and other shareholders were shortchanged by the U.S. government's $182-billion bailout of AIG. No one's...
  • AIG billionaire sues for his fair share of taxpayer money

    To the editor: The lawsuit by former American International Group Inc. chief Maurice R. Greenberg claiming punitive treatment by the government toward AIG in the $182-billion emergency bailout during the financial meltdown of 2008 is an object lesson in...
  • Let failing companies fail: Their Take

    Aroma of hubris Imagine you were a swimmer who'd recklessly gotten caught in a riptide, only to be saved by a boater who was busily helping other struggling swimmers to shore. Would you complain if the boater charged you a big fee? Maybe. But you almost...
  • Suit asks why U.S. bailout of AIG wasn't more generous

    The trial pitting a fallen financial titan against an array of former high government luminaries provides a through-the-looking-glass view of the financial credit crisis of 2008 — a view that only makes sense on Wall Street. In the U.S. Court of...
  • AIG bailout was designed to punish insurance giant, Paulson testifies

    AIG bailout was designed to punish insurance giant, Paulson testifies
    The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry M. Paulson said in U.S. court Monday. The $85-billion loan package extended to AIG — then...
  • Los Angeles' Oaktree names former AIG executive as first CEO

    Los Angeles-based distressed-debt manager Oaktree Capital Group on Monday named its first CEO: former AIG executive Jay Wintrob. Wintrob, who left AIG last month, will become chief executive Nov. 1, the company said in a statement. Wintrob has served on...
  • Investing: Top picks from a top value investor

    Veteran fund manager Bill Nygren co-manages three Oakmark funds: Oakmark Fund, Oakmark Select and Oakmark Global Select. He looks for growing businesses whose stocks trade for less than he thinks a company is worth and that are run by executives who put...
  • GPD sergeant to get $10K per month on paid leave

    A Glendale Police sergeant arrested last month for allegedly soliciting a prostitute in Nevada is on paid leave of more than $10,000 a month until he reaches retirement, part of a settlement reached with the city in May regarding his discrimination...
  • Cop arrested in prostitution sting is set to get $10,579 a month in paid leave

    Cop arrested in prostitution sting is set to get $10,579 a month in paid leave
    A Glendale police sergeantĀ arrested last month for allegedly soliciting a prostitute will makeĀ more than $10,000 a month on paid leave until he retires at the end of 2015, records show. The arrangement was reached months before Sgt. Vahak Mardikian&...
  • Timothy Geithner unapologetic in memoir of the financial crisis

    Timothy Geithner unapologetic in memoir of the financial crisis
    Former Treasury Secretary Timothy F. Geithner never seemed to fit in the nation’s capital. And he knew it. He begins his memoir, “Stress Test: Reflections on Financial Crises,” by admitting that he was “an unorthodox choice&...